Bad credit car loans in Winnipeg
You can apply for a car loan in Winnipeg with bad credit. Auto Approved is a used car dealership on Nairn Avenue, here since 2000, that arranges financing through lenders. Each lender decides on its own criteria, and your score is one part of what it reviews.
Credit situations you can apply with
Auto Approved is a dealership, not a lender. We send your application to lenders, and each one decides based on its own criteria. These are the situations people most often ask about.
Low score or missed payments
Equifax Canada says a credit score is only one of several pieces of information a lender typically uses. Lenders also look at your income and the debts you already carry.
No credit, or new to Canada
If you are new to Canada, you may not have a Canadian credit file yet. You can still apply. Lenders look at your income and documents, and what they need depends on your history.
Past bankruptcy or a consumer proposal
A bankruptcy or consumer proposal stays on your credit report for a set time, and it does not stop you from applying. Bring your trustee paperwork, and each lender decides based on its own criteria.
Self-employed or commission income
Lenders generally want proof of regular income. If you are self-employed or paid on commission, ask which records the lender will accept, such as bank statements and notices of assessment.
See where you stand
How a bad credit car loan works at Auto Approved
Four steps. Nothing is committed until you say yes.
1
Tell us your situation
Apply online or call us. No documents needed to get started.
2
We take it to lenders
We send your application to lenders. The lender decides whether to approve it and on what terms.
3
You see real options
Vehicle, payment and term in plain language, before you commit to anything.
4
You drive
Pick it up at the lot on Nairn Avenue, or we deliver free anywhere in Canada.
What do you need to apply with bad credit?
The Financial Consumer Agency of Canada says lenders generally require proof of regular income, a bank account and a permanent address. Having these ready helps your application move faster.
Proof of income
Recent pay stubs are a common way to show income. If your income is irregular or you are self-employed, ask which records the lender will accept instead, such as recent bank statements.
A bank account
Car loan payments usually come out of your account automatically. A void cheque or a pre-authorized debit form sets this up.
Photo ID and proof of address
A valid driver’s licence is the usual photo ID, and a recent utility bill, bank statement or lease shows your current address. Our document checklist covers every item.
Bad credit car loan questions
If your question is not here, call (204) 781-9992 and ask. We would rather tell you straight than have you guess.
Can you get a car loan with bad credit in Winnipeg?
You can apply. Equifax Canada says a credit score is only one of several pieces of information a lender typically uses. Each lender decides based on its own criteria, including your income and the debts you already carry.
Can I apply for a car loan during a consumer proposal?
Yes, you can apply. The Financial Consumer Agency of Canada says a consumer proposal comes off your credit report 3 years after you pay off the debts in it, or 6 years after you sign it, whichever comes first. Each lender decides based on its own criteria, so bring your trustee paperwork.
Can I get a car loan after bankruptcy?
Yes, you can apply. The Financial Consumer Agency of Canada says a first bankruptcy is usually removed from your credit report 6 years after discharge. Lenders decide based on their own criteria, so bring your discharge or trustee paperwork.
Can you finance a car with no credit history?
You can apply. Equifax Canada says a file without enough information may show no score or a zero, and that this is not a sign of bad credit. Lenders then look at the rest of your application, such as income and employment.
Do you need a down payment?
Not always. Options with no money down exist, depending on the lender, the vehicle and your situation. A down payment lowers the amount you need to borrow.
Do you offer guaranteed approval?
No. No one can honestly guarantee approval, because the lender makes the decision. What we can do is tell you plainly where you stand.
Will applying add an inquiry to my credit file?
Auto Approved does not pull your credit itself. The lenders reviewing your application may check your credit, and that check can add an inquiry to your file. In Manitoba, your consent is needed first in most cases.
Sources: Financial Consumer Agency of Canada: Personal loans · Credit report and score basics · How long information stays on your credit report · Pre-authorized debit · Equifax Canada: What is a good credit score? · Equifax Canada: No credit score or zero credit score? · Manitoba Consumer Protection Office: Your personal credit record. General information only, not financial or legal advice. Lenders make the credit decisions on any financing.
Find out where you stand
Fill in one application and a lender reviews it. Call or text us first if you have questions.
312 Nairn Ave, Winnipeg, MB R2L 0W9
Mon to Fri 9am to 6pm · Sat 9am to 12pm · Sun by appointment
(204) 781-9992